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Share link:In this post: The Trump-linked WLFI token plunges over 40% despite a 47M token burn, leaving major whale investors with millions in losses. High-profile traders, including Andrew Tate, suffered heavy liquidations while some wallets profit from shorting WLFI’s decline. The Trump family’s holdings remain valued near $5B, though ethical questions mount as the token faces sharp volatility.
Share link:In this post: Mega Matrix announced a special facility to seek up to $2B in financing. The company seeks to build treasuries for stablecoin issuer tokens, starting with Ethena (ENA). ENA remains attractive for its revenue-sharing, reflecting the success of ETH.
Share link:In this post: The DOJ subpoenaed Fed board members in a criminal case targeting Lisa Cook over alleged mortgage fraud. Trump wants her removed to gain a majority on the Fed board and has cited criminal referrals from Bill Pulte. Lisa is fighting back in court, denying all fraud claims and accusing Trump of fabricating charges for political gain.
Market experts believe that the new Dogecoin ETF could launch next week.
Hyperliquid has proposed launching USDH, a native dollar-pegged stablecoin that requires validator approval before implementation. The announcement drove HYPE token gains of 3.4% as markets responded positively to the decentralized exchange’s expansion plans.
xMoney announced the launch of XMN token on Sui blockchain, replacing UTK with controversial conversion rates that significantly dilute existing holders’ ownership share in the platform.
- 20:15All three major U.S. stock indexes closed higher.Jinse Finance reported that all three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.11%, the S&P 500 Index up 0.47%, and the Nasdaq Composite Index up 0.94%. The S&P 500 Index and Nasdaq both reached new closing highs. Large-cap technology stocks generally rose, with Google up more than 4%, and Tesla and Oracle both up more than 3%.
- 20:13U.S. stocks closed with the Nasdaq and S&P 500 hitting new record highs, Tesla rose over 3%.ChainCatcher news, according to Golden Ten Data, U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average preliminarily up 0.1%, the S&P 500 up 0.47%, and the Nasdaq up 0.94%, with the latter two continuing to hit new closing highs. Tesla (TSLA.O) rose 3.5%, Nvidia (NVDA.O) edged down slightly, and Google (GOOG.O) rose 4.4%. The Nasdaq Golden Dragon China Index closed up 0.87%, hitting its highest level since February 2022 during intraday trading. Alibaba (BABA.N) rose nearly 2%, and Li Auto (LI.O) rose nearly 7%.
- 19:04OpenAI Chairman: The AI Bubble Is Not Entirely Without BenefitsJinse Finance reported that OpenAI Chairman Bret Taylor is not naively ignoring the significant impact that a tech bubble could bring, but he stated that such a prospect is not without its benefits. Taylor said: "Artificial intelligence will change the economy, that's true. I believe it will create tremendous economic value in the future, just like the internet did. That's true. At the same time, I think we are also in a bubble, and many people will lose a lot of money. Both of these things can be true at the same time, and there are many historical precedents showing that these two situations can occur simultaneously." OpenAI founder Sam Altman expressed a similar view last month, warning that there will be huge winners and huge losers during the hype cycle of artificial intelligence.